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From 5 to 5. 25 . And for the first time, its suggested that rates will stay higher for longer in an attempt to drive down stubborn inflation the rising cost of goods and services by reducing the amount of money we have to spend. Although todays increase means Borrowing Costs are at their highest level since 2008, it follows an era of unprecedented low rates. In previous decades, rates were much higher we can see here that in the 1980s rates got up to 18 before gradually falling. The bank today cut its forecast for economic growth, though it said the uk will avoid a recession. In a moment, well hearfrom savers, as well as families trying to cope with increasing costs, but first, heres our Chief Economics correspondent dharshini david. From cafe says customers may resist rate as higher mortgage and rent payments bite, to Est ....
Out stop , plays out. Interestingly, the other servers went up also what are the other services . Overall Services Continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. Youre going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. That has been a big part of what i call the re rating of apple stock. Meanwhile, Retail Giant Amazon has reported a quarterly profit that smashed Market Expectations for q2. That came in at 6. 7 billion, eclipsing forecasts. In fact, this was amazons biggest earnings reveal since the last quarter of 2020. My colleague Michelle Fleury with more. Amazons results show its firing on all cylind ....
announcement, for example, the auto sector. volkswagen says that it auto sector. volkswagen says thatitis auto sector. volkswagen says that it is monitoring the situation and is ready to take measures together with its partners if necessary. these key metals are important research for automotive parts and pay a role in future autonomous cars. these two metals are also crucial to make semiconductors. taiwan s worlds largest contract chip maker says it doesn t expect any direct impact on its production. despite the statement, the shares plunged almost 3% in trading in taiwan, over concerns of intentions growing tensions, and the us secretary s visit to beijing. a top chinese trade adviser says that this is just the start, sending a not so subtle message to the americans just before the counterparts are sat down face to face in beijing for the first time since the covid pandemic. still staying on the topic of those rare earths export limits earlier i spoke with shihok ....
call themselves conservative and will likely dominate his way through the rest of the primaries despite what nikki haley does or does not do. but november 5th, 2024, is not a primary race and a candidate cannot rely on the strength of their base alone, and that is where it is helpful to read between the lines of last night s vote. unlike iowa, which is a lock for the gop, new hampshire s electorate is swingy trump lost moderates to haley, two lost college graduates to haley, and three, lost independents to haley, it is a problem, especially when 68% of independents flat out said they will not vote for him. and 42% of primary voters say they don t think someone convicted of a crime would be fit to be president, if that happens to donald trump. a reminder, for all we talk about the general election, what we really mean is the general election in six specific states. arizona, nevada, georgia, michigan, wisconsin, and pennsylvania. you see them there. so let us untangle wha ....
decisions in minutes with major cases like affirmative action, student loans and lgbtq rights still undecided. this as tomorrow marks one year since the most consequential decision in a generation. it was devastating on top of terrifying, on top of infuriating. one year after the court overturned roe, where the battle over reproductive rights stands today. also ahead, the titan tragedy, what went wrong, and did the navy know the search was hopeless before anyone else? plus, if you ve been waiting to buy or sell, you don t want to miss this. more on a shake-up in the housing market that we haven t seen in a decade. let s begin this morning at the supreme court where, again, we re awaiting news any moment with the court s term winding down, we could get decisions on some major cases, on affirmative action, lgbtq+ rights and student loans. while we wait, we can t forget the significance that tomorrow will bring, one year since the overturning of roe v. wade, a ye ....